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Bitcoin Trading at Resistance

Written By: ChartChamp

October 24, 2024

Bitcoin started off the week with a lot of red, but has formed a bullish rebound around $65k yesterday. BTC is now trading near the upper range of the bull flag channel with resistance around $67,750. It is very important for Bitcoin to not experience a rejection here. Bitcoin formed a bullish breakout last week with a bullish weekly close above resistance. I would like to see continued momentum this week, and a rejection at $67,750 would hurt the bullish breakout.

Bitcoin rallies above $68k. There’s still 7 days left in Uptober.

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